Europe: PIK-Toggle Issuance Hits €3B As High Yield Bond Risk Appetite Ramps Up |
| November 01, 2013 | November 2013 Bond Updates |
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PIK-toggle notes issuance has exploded this year, with year-to-date volume at €3.1 billion, which is greater than the €2.7 billion issued during 2006-2012 combined, according to LCD. The 2006-2012 volume includes both PIK-toggle notes and regular PIK transactions, whereas this year has only seen PIK-toggle notes. |
| View more at: http://www.forbes.com/sites/spleverage/2013/10/31/europe-pik-toggle-issuance-hits-e3b-as-high-yield-risk-appetite-ramps-up/ |
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